$2,950,000 - $4,915,880
RENTED NOV 15, 2024
1 Bed
1 Bath
525 Sq Ft
$7,639 Price per Sq Ft

Highlights

  • Ocean View
  • Contemporary Architecture
  • Great Room
  • John Muir Elementary School Rated A
  • Wood Flooring
  • Walk-In Closet

About This Home

As of November 2024

Be the first to live in this newly built, 1 bed, 1 bath unit with condo-quality finishes in the heart of the Ocean Park neighborhood of Santa Monica. Upon entering, you are greeted by a spacious open-concept living room and kitchen with vaulted ceilings and clerestory windows that let in an abundance of light. The kitchen is a modern masterpiece, equipped with stainless steel appliances, custom-built cabinetry with soft-close hinges, quartz countertops, matching backsplash, Grohe plumbing fixtures, and a full-sized walk-in pantry. Enjoy ultimate comfort with a Nest Thermostat-controlled central heating and air conditioning system, customizable Elfa closet systems, recessed lighting throughout, and a state-of-the-art full-size LG washer and dryer. The generously sized bedroom boasts a large walk-in closet. The bathroom features custom frameless glass shower doors, zero-threshold showers, and custom-built vanities. The unit also includes one assigned parking spot in the gated driveway. Located in the highly desirable Ocean Park area of Santa Monica, this property is just a short walk from the beach, as well as the vibrant shops and restaurants of Main St, Rose Ave, and Abbot Kinney. Easy access to the 10 freeway completes this prime location, offering the best of coastal living.

Last Agent to Rent the Property

Elisa Crispi

Compass License #02068150 Listed on: 06/26/2024

Compass

Co-Listed By

Tracey Becker

Compass License #01975821

Last Renter's Agent

Brittney Rebecca

Douglas Elliman of California, Inc. License #02112502

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,590

Year Built

  • Built in 2024

Lot Details

  • 6,550 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Property is zoned SMOP2*

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Contemporary Architecture

Interior Spaces

  • 525 Sq Ft Home
  • 3-Story Property
  • Great Room

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Carport

Utilities

  • Central Heating and Cooling System

Community Details

Listing and Financial Details

  • Security Deposit $4,995
  • Tenant pays for cable TV, electricity, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 4287-024-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,590

Year Built

Built in 2024

Lot Details

0

Rental Info

  • Security Deposit: 4995
  • Tenant Pays: Cable TV, Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 525
  • Lot Acreage: 0.1504
  • Lot Dimensions: 50x130
  • Stories: 3
  • Year Built: 2024
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Flooring: Hardwood, Stone Tile
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Washer, Range/Oven, Refrigerator, Hood Fan, Garbage Disposal, Microwave, Freezer
  • Price Per S Q F T: 7.61

Exterior Features

  • Pool: No
  • View: Ocean, Peek-A-Boo
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Carport
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4287-024-005
  • Lot Size Area: 6550

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
2918 3Rd Street Llc
Bought by
California Coastal Commission
Current Estimated Value
$4,010,293

Purchase Details

Closed on
Aug 5, 2020
Sold by
Frigger Associates Ltd
Bought by
2918 3Rd Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,210,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2017
Sold by
Frigger Associates Ltd
Bought by
Frigger Associates Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 18, 2014
Sold by
Ranger William A and Autman Marsha D
Bought by
Frigger Associates Ltd

Purchase Details

Closed on
Oct 21, 2002
Sold by
Jaffe Harold W and Jaffe Rena Susan
Bought by
Jaffee Harold W and Jaffe Rena S
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
California Coastal Commission -- None Listed On Document
2918 3Rd Street Llc -- Stewart Title
Frigger Associates Ltd -- Chicago Title
Frigger Associates Ltd $2,552,272 Fidelity
Jaffee Harold W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2918 3Rd Street Llc $2,210,000
Previous Owner Frigger Associates Ltd $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Rented $3,950 -1.1% --
11/01/2024 11/01/24 Price Changed $3,995 -4.8% $8 / Sq Ft
09/17/2024 09/17/24 Price Changed $4,195 -4.6% $8 / Sq Ft
09/03/2024 09/03/24 Price Changed $4,395 -2.2% $8 / Sq Ft
08/01/2024 08/01/24 Price Changed $4,495 -2.2% $9 / Sq Ft
07/15/2024 07/15/24 Price Changed $4,595 -5.2% $9 / Sq Ft
07/09/2024 07/09/24 Price Changed $4,845 -3.0% $9 / Sq Ft
06/26/2024 06/26/24 For Rent $4,995 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,590 $3,127,809 $2,187,365 $940,444
2024 $36,590 $3,066,480 $2,144,476 $922,004
2023 $36,009 $3,006,354 $2,102,428 $903,926
2022 $35,573 $2,947,406 $2,061,204 $886,202
2021 $34,711 $2,889,615 $2,020,789 $868,826
2020 $34,476 $2,862,187 $2,000,069 $862,118
2019 $34,137 $2,806,109 $1,960,852 $845,257
2018 $32,041 $2,751,131 $1,922,404 $828,727
2016 $30,881 $2,642,188 $1,847,755 $794,433
2015 $11,455 $931,688 $437,973 $493,715
2014 $11,314 $913,438 $429,394 $484,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-395991

The MLS

APN: 4287-024-005